ITC on GST on GTA service
This query is : Resolved
Quick Summary
19 November 2020
Good afternoon All,
I have a query pertaining GTA services as follows.
if GTA take following service
Services Net amt CGST SGST
Stationery 5000 120 120
Purchase computer 40000 2500 2500
Total 45000 2620 2620
Total GST 5240
Then if, GTA provide GTA Services to dealers
Services Net amt CGST SGST
90000 2250 2250
Total GST 4500
or
90000 5400 5400
Total GST 10800
1. at the time of filing, if GTA paid the GST @12% then how much amount he will avail the Input tax credit ?
Answer 5240
or
4500
2. Is the recipient can avail the Input tax credit on the same ?
Answer Yes
No
I have a query pertaining GTA services as follows.
if GTA take following service
Services Net amt CGST SGST
Stationery 5000 120 120
Purchase computer 40000 2500 2500
Total 45000 2620 2620
Total GST 5240
Then if, GTA provide GTA Services to dealers
Services Net amt CGST SGST
90000 2250 2250
Total GST 4500
or
90000 5400 5400
Total GST 10800
1. at the time of filing, if GTA paid the GST @12% then how much amount he will avail the Input tax credit ?
Answer 5240
or
4500
2. Is the recipient can avail the Input tax credit on the same ?
Answer Yes
No
19 November 2020
1 Answer 5240 2.The recipient can avail the Input tax credit on the same.
21 November 2020
Thank you for your feedback CA. R. Seetharaman sir.
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